Thrivent Financial for Lutherans grew its position in shares of QEP Resources Inc (NYSE:QEP) by 5.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 60,157 shares of the pipeline company’s stock after purchasing an additional 2,848 shares during the quarter. Thrivent Financial for Lutherans’ holdings in QEP Resources were worth $339,000 as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in QEP. Bremer Trust National Association acquired a new position in shares of QEP Resources in the fourth quarter worth approximately $28,000. Quantamental Technologies LLC acquired a new position in shares of QEP Resources in the fourth quarter worth approximately $43,000. Weiss Multi Strategy Advisers LLC acquired a new position in shares of QEP Resources in the fourth quarter worth approximately $67,000. AlphaCrest Capital Management LLC acquired a new position in shares of QEP Resources in the fourth quarter worth approximately $80,000. Finally, CWM Advisors LLC acquired a new position in shares of QEP Resources in the fourth quarter worth approximately $85,000. 99.22% of the stock is currently owned by hedge funds and other institutional investors.
QEP has been the topic of a number of recent analyst reports. Capital One Financial lowered QEP Resources from an “overweight” rating to an “equal weight” rating in a research note on Thursday, December 20th. Zacks Investment Research reaffirmed a “hold” rating on shares of QEP Resources in a research note on Monday, December 31st. ValuEngine raised QEP Resources from a “strong sell” rating to a “sell” rating in a research note on Wednesday, January 2nd. Raymond James set a $12.00 price objective on QEP Resources and gave the stock a “buy” rating in a research note on Wednesday, January 23rd. Finally, Wells Fargo & Co reaffirmed a “hold” rating on shares of QEP Resources in a research note on Friday, April 12th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company’s stock. QEP Resources currently has a consensus rating of “Hold” and a consensus target price of $12.67.
QEP Resources (NYSE:QEP) last released its quarterly earnings data on Wednesday, February 20th. The pipeline company reported ($0.13) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by ($0.15). The firm had revenue of $410.50 million for the quarter, compared to the consensus estimate of $434.58 million. QEP Resources had a negative net margin of 52.34% and a negative return on equity of 0.73%. The company’s revenue was down 4.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.13 EPS. On average, equities analysts anticipate that QEP Resources Inc will post 0.33 earnings per share for the current fiscal year.
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QEP Resources Profile
QEP Resources, Inc operates as a crude oil and natural gas exploration and production company in the United States. The company conducts exploration and production activities in the Permian Basin in Western Texas; and Williston Basin in North Dakota. As of December 31, 2018, it had estimated proved reserves of approximately 658.2 MMboe.
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